{ "ticker": { "uuid": "53a51ffc-3559-4a07-87f6-5b8cd40f3752", "symbol": "XBB", "name": "BONDBLOXX ETF TRUST BB RATED USD HIGH YIELD CORPORATE BD ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 37.887, "architecture_energy": 19.716, "architecture_maturity": 19.1, "architecture_confidence": 77.23, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 47.34, "rotation_up": 26.77, "upward_expansion": 52.39, "deceleration": 88.44, "rotation_down": 34.08, "downward_expansion": 20.72 }, "activity_lines": [ 40.53722, 40.579036, 40.579027, 40.524756 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 40.75, "trend_reference": 40.483687, "distance_from_trend": 0.006578, "trend_direction": "Improving", "fair_value": 37.445135, "distance_from_fair_value": 0.088259, "fair_value_direction": "Weakening", "relative_strength": -9.723851, "relative_strength_direction": "Weakening", "price_momentum": 0.005942, "excess_performance": -0.119683, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006578, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004611, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.088259, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013639, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097239, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003802, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.005942, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.547569, "read": "Demand-led" } ], "volume": { "latest": 1782741, "relative_activity": 1.762937, "balance": 1.547569, "dry_up": 1.190378, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.006878, "annualized_volatility": 0.040824, "from_high_reference": -0.00377, "from_low_reference": 0.044118 }, "levels": { "trend_reference": 40.483687, "fair_value_reference": 37.445135, 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"2026-07-10", "close": 40.59706, "volume": 56932, "typical_volume": 939719.1, "trend": 40.450911, "fair_value": 37.250532, "relative_strength": -8.898855, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.128171, "energy": 35.024829, "activity_lines": [ 40.669148, 40.648417, 40.560786, 40.512135 ] }, { "date": "2026-07-17", "close": 40.619848, "volume": 1185413, "typical_volume": 924294.35, "trend": 40.467824, "fair_value": 37.299101, "relative_strength": -7.174804, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.126808, "energy": 21.731937, "activity_lines": [ 40.645238, 40.651622, 40.575926, 40.523034 ] }, { "date": "2026-07-24", "close": 40.266589, "volume": 1769063, "typical_volume": 930323.5, "trend": 40.468127, "fair_value": 37.345778, "relative_strength": -7.216974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.781001, "energy": 11.049334, "activity_lines": [ 40.509873, 40.589054, 40.557593, 40.510051 ] }, { "date": "2026-07-31", "close": 40.417943, "volume": 77782, "typical_volume": 925238.9, "trend": 40.471884, "fair_value": 37.394327, "relative_strength": -7.59898, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.723074, "energy": 12.570791, "activity_lines": [ 40.457163, 40.553743, 40.553623, 40.506813 ] }, { "date": "2026-08-07", "close": 40.75, "volume": 1782741, "typical_volume": 1011233.5, "trend": 40.483687, "fair_value": 37.445135, "relative_strength": -9.723851, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.887395, "energy": 19.715787, "activity_lines": [ 40.53722, 40.579036, 40.579027, 40.524756 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }